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Turkmenistan joins EAG

Turkmenistan joins EAG

By the decision of the 12th plenary meeting of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), Turkmenistan was granted the EAG membership. According to a press release issued today by the EAG, membership in the EAG has opened up opportunities for Turkmenistan to participate actively in the work of the FATF (Financial Action Task Force) and cooperate with other countries and international organizations in countering money laundering and financing of terrorism (AML/CFT).It is also reported that a high-level mission of FATF/EAG visited Turkmenistan in spring to examine the state of national AML/CFT and make recommendations for its development. This work was facilitated by experts from Russia, USA, China and Switzerland. During their visit, the Turkmen authorities made proposals to improve AML/CFT, which was highly appreciated by members of the delegation. In particular, the mission commended the work of Turkmenistan on anti-money laundering and financing of terrorist.